TNS Talks episode 33 - Coinbase stock feeling the heat after Crypto PLUNGE!

May 12, 2022

Welcome to Episode 33 of TNS Talks

Welcome to Fast Five by TNS Talks! We sort through the top crypto, NFT, metaverse, and blockchain news so you don't have to. Whether you’re a crypto head or learning more about Blockchain Tech, TNS Talks is here for you

Featured Article: The downfall of the TerraUSD stable coin and its sister token "Luna" has sent shockwaves throughout the industry. Bitcoin has lost all of its 2021 gains and continues to fall. Coinbase, the U.S.' most popular crypto exchange, has taken the brunt of the fallout on wall street.

"The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, missing Wall Street's forecasts. Coinbase shares plummeted more than 25% Wednesday and hit their lowest level ever.

Coinbase stock is now down more than 75% this year and is trading nearly 85% below its all-time high price from November. Shares have lost more than half their value in just the past week alone."(CNN Business)

2022 has proven to be a shaky year in both the stock and crypto markets and has left investors uncertain of the future.

Links to all of the articles are down below:

📰 Article 1 - More than $200 billion erased from entire crypto market in a day as sell-off intensifies

📰 Article 2 - Cryptocurrency luna now almost worthless after controversial stablecoin it is linked to loses peg

📰 Article 3 -Coinbase Stock Slides After Revenue Miss But Many Analysts Say ‘Fears Appear Greatly Overblown’

📰 Article 4 - Meta sued in Kenya over claims of exploitation and poor working conditions

📰 Article 5 - SEC chair Gary Gensler takes aim at crypto exchanges for trading against their customers

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For centuries, transactions and ledgers have been the defining structures of our economic, legal, and political systems.

Unlike most of our history, today, our world is connected in virtually every way. And although we’ve experienced a significant technological shift, legacy systems aren’t doing enough to secure assets, verify ownership, and make it easier to exchange goods and services.

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Our mission is to make the transition into this new digital world simple, standardized, and secure. With solutions spanning across crypto payments, IoT device management, global network hosting, and even NFT adoption, TNS leverages the full breadth of the blockchain to help enterprises and individuals solve some of the most pressing challenges in our world today.

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